Greetings,
SQ has been in correction, and at some point will fill the $215 gap. Resistance (red channel) is evident at $250, with four rejections around this price point making SQ bearish in the interim. SQ may even try to test support around $200 (green channel). However, if SQ breaks through the resistance channel, target $285 and $300.
Targets are Blue!
Happy Trading!
SQ has been in correction, and at some point will fill the $215 gap. Resistance (red channel) is evident at $250, with four rejections around this price point making SQ bearish in the interim. SQ may even try to test support around $200 (green channel). However, if SQ breaks through the resistance channel, target $285 and $300.
Targets are Blue!
Happy Trading!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.